不装糊涂了？“欧洲还是担心：荷兰不给中国晶圆”

Core Viewpoint - The Dutch government's seizure of a Chinese semiconductor company has led to a significant chip supply disruption, causing anxiety in the European automotive industry despite China's export exemptions [1][6]. Group 1: Impact on the Automotive Industry - European automotive manufacturers and other industrial companies continue to face a "devastating" chip shortage, which could halt global production lines within weeks [1][3]. - The semiconductor company Nexperia, which produces low-margin basic chips essential for automotive electronics, has not supplied wafers to its Chinese subsidiary, exacerbating the supply crisis [1][3]. - A senior executive from the automotive sector indicated that while Chinese factories have some wafer inventory, they will deplete quickly without supplies from Germany and the EU, leaving only a few weeks of chip supply [1][3]. Group 2: Supply Chain Dynamics - The European Automobile Manufacturers Association (ACEA) welcomed China's export exemption but emphasized that wafer export restrictions from Nexperia in the Netherlands hinder sufficient chip availability to meet global demand [3][4]. - Nexperia's operations involve producing semiconductor wafers in Germany and the UK, which are then sent to China for packaging and testing, with approximately 80% of the final products completed in China [6][4]. Group 3: Geopolitical Context - The supply chain disruption was triggered by the Dutch government's actions against Nexperia, which were influenced by U.S. regulatory pressures, leading to a freeze on assets and intellectual property [6][7]. - The U.S. had previously indicated that for Nexperia to gain exemptions from new regulations, its Chinese CEO must be replaced, complicating the situation further [6][7]. - Following the U.S. decision to pause its "50% penetration rule," the Netherlands faces challenges regarding legal consistency and political credibility in its semiconductor policies [7][8]. Group 4: Future Outlook - Chinese factories are expected to maintain supply until early to mid-December, but the situation remains unstable as they seek alternative wafer sources to avoid major supply chain disruptions [4][6]. - The Chinese government has expressed a commitment to stabilizing the global semiconductor supply chain and urged the Dutch government to take constructive actions to resolve the ongoing issues [8].